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✴️ Polygon Update | Healthy Correction, Comparing June/July 2022

After the bullish bounce, when prices react by reversing higher after hitting a strong low, a retrace is always expected.
✔️ Corrections are long-term drops.
✔️ Retraces are short-term drops.
Ok. Let's look at Polygon in June/July 2022 and compare it to present time, you will see that this retrace is normal and healthy.
MATICUSDT:
Mid-June 2022 a low was hit, very similar to what is happening now.
This low lead to a recovery.
As soon as the initial bounce is in, we get a retrace and here it last 8 days. This is marked blue.
A little more growth and then another retrace this time 4 days long, then sustained growth. That's back in 2022.
In June/July 2023 we get the same type of action...
The bounce leads to a recovery, retrace where we are at now and this should be followed by additional growth.
Namaste.
✔️ Corrections are long-term drops.
✔️ Retraces are short-term drops.
Ok. Let's look at Polygon in June/July 2022 and compare it to present time, you will see that this retrace is normal and healthy.
MATICUSDT:
Mid-June 2022 a low was hit, very similar to what is happening now.
This low lead to a recovery.
As soon as the initial bounce is in, we get a retrace and here it last 8 days. This is marked blue.
A little more growth and then another retrace this time 4 days long, then sustained growth. That's back in 2022.
In June/July 2023 we get the same type of action...
The bounce leads to a recovery, retrace where we are at now and this should be followed by additional growth.
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
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Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.